Traders in Bayelsa accept old naira notes

Many residents of Yenagoa, the Bayelsa State capital have expressed appreciation to the state and federal government for the steps taken to put to rest the confusion over the use of the old and new naira notes.

Some persons who spoke to our correspondent stated in compliance with the directive from the Central Bank of Nigeria, CBN, many traders and marketers have started accepting the old 1000 and 500 notes for all business transactions.

A trader at the Swali Ultramodern market, Madam Lily Enifegha said they are accepting the old naira notes as they remain legal tender till the end of the year.

” All transactions carried out today was done with the old 1000 and 500 naira notes, we can hardly see the new notes”

Another resident, Mr Ebiton Thomas pointed out that business transactions are better in the state now due to the compliance over the use of the old naira notes.

However, some persons still lamented on the rejection of the old naira notes at the Mbiama market which has made them paid exorbitant charges from the operators of Point of Sale, POS.

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